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On May 27, 2009, the U.S. Treasury advanced a secured loan of US$360.6 million to GM, and GM issued a note to the Treasury for US$360.6 million, plus $24.1 million USD as additional compensation for the warranty advance, pursuant to the terms of the Warranty Agreement dated December 31, 2008, between GM and the U.S. Treasury. The loan funded a ...
Buyers can take a new GM car off the lot and drive it for up to 60 days. If they don't like it, they can return the car without penalty between the 31st and 60th GM's money-back guarantee
GM would continue to supply architecture and powertrain technology for an unspecified amount of time. [17] It also becomes the last brand/subsidiary from GM to be sold (Hummer was first, followed by Saturn). The deal failed on November 24, 2009. [18] GM, however, requested Spyker Cars to acquire Saab from MLC a few weeks later. But however, MLC ...
On May 15, GM recalled 2.7 million more cars, bringing the total number of recalled vehicles in 2014 to 12.8 million worldwide, 11.1 million of which were in the United States. [7] On June 16, 2014, GM announced they were recalling 3.4 million more cars, all of which were produced from 2000 to 2004.
The General Motors 60° V6 engine family is a series of 60° V6 engines produced for both longitudinal and transverse applications. All of these engines are 12-valve cam-in-block or overhead valve engines, except for the LQ1 which uses 24 valves driven by dual overhead cams. These engines vary in displacement between 2.8 and 3.4 litres (2,837 ...
This Arizona man says his gap insurance won’t pay an $18,000 claim for his totaled BMW SUV because of a 60-cent mistake Bethan Moorcraft June 14, 2024 at 7:01 AM
In 1980, former GM executive John DeLorean wrote in his book On a Clear Day You Can See General Motors that Nader's criticisms were valid. [255] Journalist David E. Davis said that despite Nader's claim that swing-axle rear suspension were dangerous, Porsche, Mercedes-Benz, and Volkswagen all used similar swing-axle concepts during that era. [256]
The contract between the UAW and General Motors expired September 14, and the strike began at 11:59 p.m. on September 15, 2019. A two-day difference between contract expiration and the beginning of a strike is unusually short, [4] but likely motivated by the prolonged negotiations between management and the union.